Why is SKM Egg Prod. falling/rising?

As of 29-Aug, SKM Egg Products Export (India) Ltd is experiencing a price increase, currently at Rs. 371.70, which reflects a rise of Rs. 16.85 or 4.75%. The stock reached a new 52-week high of Rs. 376.35 today, although it opened with a loss of 2.07% and touched an intraday low of Rs. 347.5. Despite this fluctuation, the stock has shown strong performance over various periods, with a 1-month return of 27.23% and a year-to-date return of 47.71%. The company's financial health is underscored by a low Debt to EBITDA ratio of 0.98 times and significant growth in operating profit, which has increased at an annual rate of 121.44%. Additionally, the promoters have increased their stake by 0.85%, indicating confidence in the company's future.
In the broader market context, while SKM Egg Products has outperformed the Sensex, which has declined by 1.84% over the past week, the stock's recent performance is particularly notable given its strong returns compared to the benchmark. The stock has generated a 33.66% return over the past year, contrasting sharply with the Sensex's decline of 2.83%. This market-beating performance, combined with the company's recovery from previous negative quarters and rising promoter confidence, suggests that investor sentiment remains positive despite some short-term volatility.